Qualtrics Survey Software
1 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
Demographic Questions
What is your current age?
Under 25
25 to 34
35 to 44
45 to 54
55 to 64
65 or over
How would you best describe your role at the Oregon University System?
Faculty
Executive Administrative Managment
Professional Non-Faculty
Technical Paraprofessional
Secretary Clerical
Skilled Craft
Service maintenance
What is the highest level(s) of formal education that you have completed?
Some High School
High school graduate
Some college
Trade/technical vocational training
College graduate
Masters degree
Doctorate degree (Please specify below (e.g. JD, MD, Ph.D., Ed.D)
What is your marital status?
Single/Never been married
Married
Domestic partnership
Separated
Divorced
Widowed
Other
What is your sex?
Male
Female
Prefer not to answer
Including yourself, how many people currently live in your household?
1
2
3
4
4/24/2012 9:36 AM
Qualtrics Survey Software
2 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
5
6
7 or more
At what age do you currently intend to retire?
Before age 55
Between age 55 and 62
Between age 62 and 64
Between 65 and 67
After age 67
What is your race / ethnic group? (multiple responses allowed)
White/Caucasian
Black or African American
American Indian or Alaska Native
Asian
Hispanic, any Race
Native Hawaiian or Pacific Islander
Another (please specify)
Optional Retirement Plan Basic Information
When did you join the Optional Retirement Plan?
1996 -- at inception
After 1996 and before August 2003
After August 2003
Are you also a PERS member?
Yes
No
What is your retirement membership status?
Tier1
Tier2
Tier3 (OPSRP)
I do not know
How important were the following factors in your decision to select the Optional Retirement Plan (ORP)?
Very important
Important
Minor
Consideration
No Consideration
Does not apply
Advice from ORP members
Advice from PERS members
Advice from co-workers
Advice from a financial adviser
not affiliated with the ORP plan
Advice from a financial adviser
affiliated with the ORP plan
Advice from family members
Preference to control my own
retirement investments
4/24/2012 9:36 AM
Qualtrics Survey Software
3 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
Very important
Important
Minor
Consideration
No Consideration
Does not apply
Portability of ORP
Concerns about PERS
Concerns about the State of
Oregon
Concerns about the Oregon
University System
My own financial and investment
knowledge
How often do you check the balances in you ORP accounts?
Never
Once a year
Once a quarter
Once a month
Once a week
More than once a week
Which investment provider did you originally select in the ORP?
Fidelity
TIAA-CREF
VALIC
Scudder
American Century
I do not know
Which ORP investment provider are you investing with today?
Fidelity
TIAA-CREF
VALIC
I do not know
When choosing between ORP investment providers assess the importance of the following factors:
very important
important
somewhat important
Unimportant
Good reputation of provider
The number of investments
available in each plan
The number of equity fund
choices available
The number of bond fund choices
available
The availability of annuity
products
The availability of mutual fund
products
Historical investment
performance
The level of fund expenses
The advice of a financial adviser
Access to phone consultations
Access to face to face meetings
with a financial adviser
Quality of online services
4/24/2012 9:36 AM
Qualtrics Survey Software
4 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
ORP Plan Satisfaction
Please assess your satisfaction level with each of the following aspects of the ORP:
very satisfied
satisfied
unsatisfied
very unsatisfied
Do not know
Investment options
Fund returns
Advice
Contribution levels to account by
employer
Fluctuations in contribution
levels from employer
Educational materials about
Investment option
Retirement education tools
Information about the ORP in
general
Currently the ORP participants are participating through one of three providers -- Fidelity, TIAA-CREF, and VALIC.
Our committee has been asked to analyze the costs and benefits of this structure. How do you feel about the
following:
Strongly Agree
Agree
Disagree
Strongly Disagree
It is really important to me to have a choice of ORP
providers
If fees can be lowered by reducing the number of
providers, I would be amenable to changing providers
A selection of variable annuity products is important
to me
A selection of mutual fund investments is important to
me
Currently, the contributions to your ORP account are tied to the contributions that employers are required to make to
PERS. The level of these contributions changes every two years. In general, ORP contribution levels can be
expected to fall when the PERS plan is well-funded and when market returns are high. In contrast, ORP
contribution levels can be expected to rise when the PERS plan is underfunded and market returns are low. Thus,
ORP contributions are currently "linked" to the financial health of PERS. Please share your reactions to the
following ideas:
Strongly Support
Support
Do not support
Strongly do not
support
How do you feel about a detailed
exploration of the costs and benefits of
"delinking" ORP from PERS?
How valuable would it be to you to have a
fixed contribution rate to your ORP
account
Could you support an effort to negotiate a
fixed ORP contribution rate?
Would you be willing to trade off the
current contribution rates in ORP for a
lower contribution rate if it meant your rate
was locked in for your career?
Do you have more to add about the link between ORP and PERS?
Many retirement plans place your investment in so-called life-cycle or target date funds, which adjust the proportion
4/24/2012 9:36 AM
Qualtrics Survey Software
5 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
of equity and debt in your fund as a function of your proximity to retirement. Fidelity does this in the ORP if you
don't select an investment option. Do you like this feature?
Yes
No
No opinion
What changes would you like to see in the ORP?
Financial Literacy Questions
Suppose you had $100 in a savings account and the interest rate was 2% per year.
After 5 years, how much do you think you would have in the account if you left the
money to grow?
More than $102
Exactly $102
Less than $102
Do not know
Refuse to answer
Imagine that the interest rate on your savings account was 1% per year and inflation
was 2% per year. After 1 year, how much would you be able to buy with the money in this account?
More than today
Exactly the same
Less than today
Do not know
Refuse to answer
Do you think that the following statement is true or false? “Buying a single company's
stock usually provides a safer return than a stock mutual fund.”
True
False
Do not know
Refuse to answer
Suppose you had $100 in a savings account and the interest rate was 1% per year. After five years what is your
best guess as to the amount in your account if you have not spent any of the money?
Exactly $105
More than $105
Less than $105
Do not know
Refuse to answer
Suppose that you are the only income earner for your family. Your doctor recommends that you move because of
allergies, and you have to choose between two possible jobs. The first job would guarantee your current total family
income for life. The second is possibly better paying, but the income is also less certain. In the following situations,
please assess the choice you would make.
Take job 1
Take job 2
I do not know
50% chance that job 2 increases total lifetime income by
4/24/2012 9:36 AM
Qualtrics Survey Software
6 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
Take job 1
Take job 2
I do not know
20% and 50% chance that job 2 cuts lifetime income by 15%
50% chance that job 2 increases total lifetime income by
20% and 50% chance that job 2 cuts lifetime income by 10%
50% chance that job 2 increases total lifetime income by
20% and 50% chance that job 2 cuts lifetime income by 5%
Assess your level of agreement or disagreement with the following statements:
Strongly Agree
Agree
Disagree
Strongly Disagree
I am a sophisticated investor
I am a confident investor
Investing interests me
I have strong quantitative skills but I do not
like to make financial decisions
I read the financial press more than 1 time per
week
I distribute my retirement savings evenly
among the available investments
The most important factor in predicting future
returns is the level of the fees the fund
charges
Good investment fund managers are
discovered by evaluating the past returns of
their funds
VALIC BLOCK
At VALIC, each investor has an adviser. Please assess the importance of each of the following statements in
relation to your adviser.
Strongly Agree
Agree
Disagree
Strongly Disagree
Meeting face to face with my adviser gives
me peace of mind in my investments
My adviser's expertise in choosing
appropriate mutual funds for my portfolio is
very beneficial
My adviser's expertise in deciding how much
of my investments to put in the stock market
is very valuable
My adviser calms me down when the market
is volatile
The most important factor in choosing my
adviser is that I trust him or her.
I understand how much money my adviser
earns on my account
At VALIC who is you financial adviser?
Which VALIC office services your account? (closest if not on the list)
Ashland/Medford
Salem
Eugene
Bend
Corvallis
La Grande
Portland
Burns
4/24/2012 9:36 AM
Qualtrics Survey Software
7 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
Ontario
Other (please specify)
How often do you have contact with your financial adviser to discuss substantive questions or suggestions?
Never
Once a year
Twice a year
Three times a year
Four times per year
More than four times per year
Are you pleased with the advice you receive from your adviser?
Yes
No
No opinion
Evaluate the following statements
Strongly agree
Agree
Disagree
Strongly Disagree
I would feel comfortable making changes to my equity
and bond balance without consulting my adviser.
My adviser helps me make financial decisions outside
of the ORP plan
My adviser has improved my financial security
What would you estimate as the amount you pay for your services to Invest with VALIC?
I don't pay anything
less than 1/2 of 1% of assets per year
More than 1/2 of 1% but less than 2% of assets per year
More than 2% of assets
I do not know
What do you like or dislike the most about your experience with VALIC?
Portfolio Questions
Do you have an ongoing relationship with a financial adviser?
Yes
No
Evaluate the following statements
Strongly agree
Agree
Disagree
Strongly Disagree
I would feel comfortable making changes to my
equity and bond balance without consulting my
adviser.
My adviser helps me make financial decisions
outside of the ORP plan
My adviser has improved my financial security
You get what you pay for with financial advice
4/24/2012 9:36 AM
Qualtrics Survey Software
8 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
Strongly agree
Agree
Disagree
Strongly Disagree
I trust my adviser
I would like to obtain more frequent financial advice
Which statement below best captures the fraction of your retirement account invested in stocks (equities) in the U.S.
and globally.
less than 5%
about 25%
approximately 50%
approximately 75%
More than 95%
I have no idea
How did you decide on the fraction to invest in stocks?
Based primarily on my own research and knowledge of investing
Based primarily on the recommendations of an adviser
Based primarily on the recommendations of a friend, co-worker or family member
Other (please specify)
For each of the current ORP investment providers please provide us with your understanding of the variety of
investment products offered.
Number of Investment Funds Offered by ORP
No Idea
Less than 20
20 to 50
More than 50
Fidelity
TIAA-CREF
VALIC
In making financial decisions, please assess the frequency with which you seek advice in the following areas:
Frequently (Annually)
Occasionally (Every
One to Five years)
Almost Never
Never
Appropriateness of portfolio risk
Returns on specific holdings in
portfolio
Check-in on suggestions by
friends or family
Tax planning
Estate planning
When you receive investment advice, do you usually:
Implement the advice quickly (about a week)
Implement the advice (around two months)
Implement the advice eventually (around a year)
Do not implement the advice
Financial Status Questions
Including yourself, how many people is your retirement plan intended to support?
1
2
3
4
4/24/2012 9:36 AM
Qualtrics Survey Software
9 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
5
6
7 or more
Including all of the contributions being made to fund your retirement (ORP, TDI-403b, and Oregon Savings Growth
Plan), what percent of your salary do you believe that you will need to save each year in order to achieve your
desired standard of living in retirement?
0
10
20
30
40
50
60
70
80
90
100
Retirement
Contribution as a
percent of Salary
What is your annual income level?
Less than 30,000/ year
30,000 to 50,000 / year
50,000 to 75,000/ year
75,000 to 100,000/year
100,000 to 125,000 / year
Over 125,000 / year
What is your spouse or partner's annual income level?
No income
under 30,000/ year
30,000 to 50,000 / year
50,000 to 75,000/ year
75,000 to 100,000/year
100,000 to 125,000 / year
Over 125,000 / year
Do you own a house?
Yes
No
If you sold your house this year, what do you believe your house would sell for in the market? (If you have no idea
you could check www.zillow.com for an estimate.)
Less than 150,000
150,000 to 250,000
250,000 to 400,000
400,000 to 600,000
600,000 to 1,000,000
Over 1,000,000
What fraction of the value of your house is currently mortgaged? (In other words if you add up the amount you have
borrowed using your house as security, what is that amount as a fraction of the sales value of your house?)
0
less than 25%
between 25% and 50%
4/24/2012 9:36 AM
Qualtrics Survey Software
10 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
50% to 75%
75 - 80%
80-90%
90-100%
Over 100%
What is the approximate value of your ORP accounts?
Less than $20,000
20,000 to 40,000
40,000 to 60,000
60,000 to 100,000
100,000 to 200,000
200,000 to 300,000
300,000 to 500,000
More than $500,000
I do not know
Outside of the ORP account, how much savings do you have in a bank?
None
1 to 5,000
5,000 to 10,000
10,000 to 25,000
25,000 to 50,000
More than 50,000
I do not know
Outside of the ORP account, what is the approximate total amount of combined investments that you have in the
Oregon Savings Growth Plan (OSGP) and the Tax Deferred investment plan (TDI). These are sometimes referred
to as 457 and 403(b) plans.
None
1 to 10,000
10,000 to 25,000
25,000 to 50,000
50,000 to 75,000
75,000 to 100,000
100,000 to 150,000
150,000 to 200,000
more than 200,000
I do not know
How much in other resources do you have in other assets or investments? (Please do not include the value of your
ORP, 403b, 457 or your house in this number.)
None
1 to 10,000
10,000 to 25,000
25,000 to 50,000
50,000 to 75,000
75,000 to 100,000
100,000 to 150,000
150,000 to 200,000
4/24/2012 9:36 AM
Qualtrics Survey Software
11 of 11
https://oregon.qualtrics.com/ControlPanel/PopUp.php?PopType=Survey...
200,000 to 300,000
300,000 to 500,000
500,000 to 1,000,000
More than 1,000,000
I do not know
4/24/2012 9:36 AM